Is Bedford Heights, OH a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Bedford Heights has remained a Seller's Market.
Housing Prices in Bedford Heights, OH
How much do homes in Bedford Heights, OH cost?
Median Sold Price
$185,000
$115/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Bedford Heights was $185,000 in May 2024, up 10.1% from last year, and the median price per square foot was $115.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $149K | $107K | -28.2% |
3 Bedrooms | $167K | $179.9K | +7.7% |
4 Bedrooms | $177K | $210K | +18.6% |
5+ Bedrooms | $299.6K | $220K | -26.6% |
Summary: Bedford Heights housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 28.2%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 18.6%, and 5+ bedroom homes decreased by 26.6%.
Median Sold Price Compared To Nearby Cities
Oakwood | $295K | $350K | +18.6% |
Bedford | $150K | $175K | +16.7% |
Bedford Heights | $168K | $185K | +10.1% |
Warrensville Heights | $115K | $119K | +3.5% |
Housing Supply in Bedford Heights, OH
How many homes are available in Bedford Heights, OH?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
17 | 23 | +35.3% |
Summary: The Bedford Heights real estate market had 23 homes for sale in May 2024, a 35.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 13 | 18 | +38.5% |
4 Bedrooms | 3 | 4 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Bedford Heights housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 38.5%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Bedford Heights in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Bedford Heights, OH
How long does it take to sell a home in Bedford Heights, OH?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
24 Days | 44 Days | +79.9% |
Summary: Homes in Bedford Heights had an average of 44 days on market in May 2024, up by 79.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Bedford Heights; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.